In what has become back-to-back setbacks for Adani, he is now in the verge of losing the tag of the richest person in India if his empire drives in a downward trend.
Among the appointments are the sons of Indian billionaires - Karan Adani, the son of India's richest man Gautam Adani and Anant Ambani, the son of India's second-richest man Mukesh Ambani.
This trend didn't last long as Adani's fortune arrowed down later and he ended his day by plunging to his earlier spot - the third richest person in the world.
Mukesh Ambani is at number 11 on the list of billionaires with $91.9 billion. The net worth of Elon Musk and Jeff Bezos is currently at $251 billion and $153 billion respectively.
While Tesla's founder Elon Musk is in the first place with $235.8 billion, India's Mukesh Ambani has been spotted at the 10th rank in the list with $90 billion.
The growth of social media and the surge in access to the internet had played a vital role in turning the business tycoons' zeal towards establishing or acquiring a media house.